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MNI DATA PREVIEW: German Ifo Survey August 2019

     LONDON (MNI) - GERMAN DATA: Ifo Survey (Aug 2019) Preview - 09:00BST
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- Ifo BUSINESS CLIMATE (BC): Bbg Cons: 95.3; Prev (Jul): 95.7 
- Ifo CURRENT SITUATION: Bbg Cons: 99; Prev (Jul): 99.4 
- Ifo EXPECTATIONS: Bbg Cons: 91.8; Prev (Jul): 92.2 
- The Ifo BC disappointed in July, hitting the lowest level since Apr 2013 
- Mkts expect the Ifo BC to have fallen further in Aug 
- Both the Current Sit & Expectations are forecast to deteriorate...
-...with both indicators projected to edge down by 0.4 points 
- Recent survey evidence for Aug poses a downside risk for the Ifo components...
-...with the ZEW Expectations slumping to -44.1 (lowest since Dec 2011)... 
-...and the Current Conditions declining to a 9-year low (-13.5) in Aug...
-...while the Senitx index of investor sentiment on Germany dropped to the
lowest level in almost five years 
- However, recent PMI figures for Germany showed a marginal uptick (Composite up
0.5pt to 51.4)
--MNI London Bureau; +44 0203 865 3814; email: irene.prihoda@marketnews.com
[TOPICS: MAGPR$,MAXPR$,M$E$$$,M$G$$$,M$X$$$]

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